Straight Economics vs. Industrial Economics

hi, this is my first time on this forum and I was wondering if you guys could give me some help as to tell me the difference between Econs and Industrial Economics? The difference as in what is learnt etc.

I've seen your replies to other messages and they've been very helpful.. so thanks in advance if you guys do reply! :biggrin:

Reply 1

BazTheMoney

A straight Economics degree covers everything; micro, macro, econometrics, economic history, development, international economics, ect.

Industrial Economics is a part of microeconomics looking at the structure of the firm, entry deterrence, market structure, price discrimination, competition, market regulations, ect.

Basically, whereas for Economics you would take quite a broad look at everything, for Industrial Economics you take a more specialised looked at just a select part of the general Economics course.

Reply 2

Jump

By the way only Warwick and Nottingham do industrial in the UK.
Something I noticed was that Warwicks course is called L112, the same as most Business Economics courses and Nottinghams is L1N1 or something similar, the same as Economics with Management. Is this relevant, ie is Warwicks Industrial Economics just a renamed version of Business Economics?

Reply 3

BazTheMoney

Industry would overlap with Business (and Management) quite a lot, so it's not suprising.

Reply 4

Unregistered

thanks for your replies! It was certainly helpful.

I was looking at the Oxford course description for Econs and management and I was wondering if it is the same as Industrial Econs. Industrial Econs at nottingham coincidentally is under the Business School and not the Econs Dept.

And also, when i put down my choices in UCAS, am i allowed to apply like Industrial Econs in Warwick and Nottingham then Economics in LSE and Manchester for example?

thanks again!

Reply 5

Jump

You certainly can and that's exactly what I intend to do (with the exception of LSE). might be useful to point out your 'love for micro' in your PS.